155
155
Dec 4, 2012
12/12
by
CNBC
tv
eye 155
favorite 0
quote 0
and i think opec has apparently been able to manage that but i think on its own, opec is unable to maintain that price if there are real pressures on the demand side. so i think the fact that we've had relative stability around 100, 110 dollars brent is a testimony not only for opec's ability to manage the price, which sink marginal, but a confluence of interests at the moment between both producers and suppliers that this meets somewhere fairly in the middle. >> peter, we've been fairly volatile. a lot of that's down it tto the o geopolitics. and i assume that's the wide card still into 2013. >> iran will be feeling vulnerable. the fact is that over the last few months, it is now producing less than iraq and i think that will increase the feeling of sensitivity on the part of iran. highlighted the threat of instability because it really hasn't got the influence of volume control, so it has to be three more public statements and issues like that. and it tends to put things in the market when there is need for a proos supporice support. >> all right. thanks for that, peter. swiss government
and i think opec has apparently been able to manage that but i think on its own, opec is unable to maintain that price if there are real pressures on the demand side. so i think the fact that we've had relative stability around 100, 110 dollars brent is a testimony not only for opec's ability to manage the price, which sink marginal, but a confluence of interests at the moment between both producers and suppliers that this meets somewhere fairly in the middle. >> peter, we've been fairly...
220
220
Dec 12, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
tensions run high at the opec meeting. the eoe says there must be a response to the oil market that's oversupplied: >> we're, of course, concerned that there will be a certain level of overproduction over the next 18 month or so if the production continues. >>> italy likely to see a strong uptick at the first bond auction after mario monti announced his intention to step down. >>> the international community blast north korea after it successfully launches a long-range rocket prompting an emergency u.n. security council meeting. >>> employment numbers out of the u.k. look strongerment remembe-- stronger. we thought there might be wider unemployment it fall. the claiming count actually down 3,000. the polls forecasting the number of people claiming unemployment benefits to rise. the jobless number down by 82,000 in the last three months through october. the rate 7.8. the employment up by another 40,000 to 29.601 million. the yen another highest on record. still no pressure from wages, average weekly earnings 1.8%. the annua
tensions run high at the opec meeting. the eoe says there must be a response to the oil market that's oversupplied: >> we're, of course, concerned that there will be a certain level of overproduction over the next 18 month or so if the production continues. >>> italy likely to see a strong uptick at the first bond auction after mario monti announced his intention to step down. >>> the international community blast north korea after it successfully launches a long-range...
253
253
Dec 13, 2012
12/12
by
CNBC
tv
eye 253
favorite 0
quote 0
. >> and in just the last few minutes, the opec secretary said he doesn't see any threat from u.s. shale product, this after the uae minister has suggested a response from the oil ministers in vienna. gary ross, welcome. >> nice to be here. >> the shale revolution in the u.s., is it a game changer as much as we're hearing from jamie dimon, arcelormittal? do you think this is going to make the u.s. energy independent, almost? >> well, we think it is. it's huge. we've statemented about 11110 billion pounds of recovery oil from shale crude. u.s. product will be going up overall, about a million barrels a day in 2013. about 65% of it will be shale crude. and it will continue to grow. >> people should understand we're not just talking about gas. we're talking about methods that's right.extract more oil. gas is clearly surplus. we're going to have l&g exports in the united states. we have a long-term growth phenomenon for natural gas. what people don't realize is how huge the oil is. when we talk about $110 billion of recovered oil, that's on 7.5% recovery rate. the resource itself is hu
. >> and in just the last few minutes, the opec secretary said he doesn't see any threat from u.s. shale product, this after the uae minister has suggested a response from the oil ministers in vienna. gary ross, welcome. >> nice to be here. >> the shale revolution in the u.s., is it a game changer as much as we're hearing from jamie dimon, arcelormittal? do you think this is going to make the u.s. energy independent, almost? >> well, we think it is. it's huge. we've...
210
210
Dec 12, 2012
12/12
by
CNBC
tv
eye 210
favorite 0
quote 1
. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the current quota. we're also looking at the latest report from the international energy agency which may have more of an impact where oil prices are going in this session. they're looking for slightly demand in 2013. and they're pointing to china for the reason. we're anticipating we'll get the report from the energy department at 10:30 a.m. on oil supplies. the expectation is for a slight decline in food supplies. but we did see a major build in the industry report, if that is confirmed we could see these gains short-lived. back to you. >> all right. thank yo
. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the...
249
249
Dec 12, 2012
12/12
by
CNBC
tv
eye 249
favorite 0
quote 0
and the saudis don't want an iranian in charge of opec. the saudis have had to put forward their own man, as well, to replace him. is there going to be a delay? i spoke toal badri. listen to what he had to say about that and oil prices. >> do not jump to conclusion. let us -- let us hear what the conference will say. >> in terms of the oil price, sir. appears ostensibly everyone's happy with the current price. would you say the storm clouds are brewing in terms of levels of inventories, the amount of supply needed from opec compared to what it's currently pumping? >> when you look at the political situation, the situation in the united states, the fiscal cliff, you look at a lot of factors, there are really -- they contradict each other. i don't know where the price will go up or go down. i think the price will stay the same for next year. i don't think the price will come down. yes, there is some -- maybe 59, maybe 30 million dollars day, five-year average. and that's 30 million barrel only, the five-year average, as far as the stock is c
and the saudis don't want an iranian in charge of opec. the saudis have had to put forward their own man, as well, to replace him. is there going to be a delay? i spoke toal badri. listen to what he had to say about that and oil prices. >> do not jump to conclusion. let us -- let us hear what the conference will say. >> in terms of the oil price, sir. appears ostensibly everyone's happy with the current price. would you say the storm clouds are brewing in terms of levels of...
22
22
tv
eye 22
favorite 0
quote 0
your quality of life is on the up and up state side one talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup card. hell yes cartel i said mabel syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital account. in the u.s. as we watch this fiscal cliff charade it honestly sounds just so much like what we were hearing during the debt ceiling debate of two thousand and eleven when lawmakers were bickering and another ratings agency was threatening to drop the u.s. is aaa credit rating and then it of course did now that was met with much fanfare in the beginning but then not many direct consequences the dollar has strengthened against other currencies the u.s. has borrowed at record low rates since and maybe this whole fiscal cliff saga will .
your quality of life is on the up and up state side one talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup card. hell yes cartel i said mabel syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital account. in the u.s. as we watch this fiscal cliff charade it honestly sounds just so much...
35
35
tv
eye 35
favorite 0
quote 0
respond with a heavy hand course what happens here has implications far beyond kuwait's borders as an opec member any sort of unrest is bound to affect oil markets the country is also a hub for the pentagon's ground forces with thousands of combat troops stationed here as a military counterweight to iran now the gulf monarchies have been struggling to fend off possible instability from the arab spring with varying degrees of success kuwait has largely seen as the most tolerant of the countries in this region but the worry is of course that the trend could be reversed recent months have seen as fleeting clashes between the position groups and security forces who have used tear gas stun grenades and rubber bullets to disperse crowds political gatherings of more than twenty people have been banned and activists are complaining of a clampdown against the center authorities and did allow thousands of protesters to gather for a peaceful rally on friday but the worry is. but the next few weeks are bound to test the limits of the government's tolerance as well as the self-control displayed by the
respond with a heavy hand course what happens here has implications far beyond kuwait's borders as an opec member any sort of unrest is bound to affect oil markets the country is also a hub for the pentagon's ground forces with thousands of combat troops stationed here as a military counterweight to iran now the gulf monarchies have been struggling to fend off possible instability from the arab spring with varying degrees of success kuwait has largely seen as the most tolerant of the countries...
22
22
tv
eye 22
favorite 0
quote 0
regional influence as well as this strategic importance to the west is in ments absolutely immense as an opec member anything any sort of unrest that happens on the ground here could have potential impact on the world oil market as well as global oil prices as well as the pentagon's plans to use this tiny nation as a hub for its ground forces as a counterweight to iran now kuwait already holds three american military bases and folks in washington are talking about increasing the troop presence here especially in light of the withdrawal of troops from iraq and the looming withdrawal from afghanistan now polls have officially close here in kuwait and while we won't know the results for a few more hours the opposition is already claiming a victory here saying that the boycott was successful that voter turnout was low and that the parliament therefore is illegitimate now what this means is this could spark further on rest on the streets on the ground here in kuwait as people are quite frustrated with the developments in the political system on one hand this country is considered to be one of the
regional influence as well as this strategic importance to the west is in ments absolutely immense as an opec member anything any sort of unrest that happens on the ground here could have potential impact on the world oil market as well as global oil prices as well as the pentagon's plans to use this tiny nation as a hub for its ground forces as a counterweight to iran now kuwait already holds three american military bases and folks in washington are talking about increasing the troop presence...
24
24
tv
eye 24
favorite 0
quote 0
heavy hand now what happens here in kuwait has implications far beyond the country's borders as an opec member any sort of on a rest is bound to have an effect on world oil prices the country also serves as a hub for the pentagon's ground forces with thousands of american combat troops stationed here as a military counterweight to iran now the gulf monarchies as a whole have been struggling to stave off the effects of the arab spring with varying degrees of success kuwait has largely seen as the most tolerant of the countries but the worry here is that the trend could be reversed over the past few months the country has seen increasingly violent escalating protests between the opposition and security forces with the latter using tear gas stun grenades and rubber bullets to disperse crowds political parties are banned as are political gatherings of more than twenty people and activists are claiming of a clamp down against dissent here in this country authorities did allow thousands of opposition demonstrators to gather in a largely peaceful rally on. friday of course the coming weeks are
heavy hand now what happens here in kuwait has implications far beyond the country's borders as an opec member any sort of on a rest is bound to have an effect on world oil prices the country also serves as a hub for the pentagon's ground forces with thousands of american combat troops stationed here as a military counterweight to iran now the gulf monarchies as a whole have been struggling to stave off the effects of the arab spring with varying degrees of success kuwait has largely seen as...
45
45
tv
eye 45
favorite 0
quote 0
as well as the rest here in kuwait of course as an opec member any sort of unrest on the streets is bound to have some sort of an impact on oil prices as well as the pentagon's plans to use the oil rich nation as a hub for its get ground forces in order to build up a countering force to the perceived threat by iran the first wave is home to three u.s. military bases. that's the piece of. all of the withdrawal from afghanistan. you see captain of r t two eight. meanwhile in egypt thousands of islamists are rallying in support of the president there while the opposition continues to demonstrate against him mohamed morsi initially sparked public fury off to grab him so supreme power as another draft constitution his political allies approves also come under fire. from reports from cairo. protesters have been camped out into risk where since last week since egyptian president mohamed morsi if you decree granting himself sweeping new powers that kicks off a wave of protests by the more liberal sections of egyptian society not just here in cairo but in cities across the country some of those sp
as well as the rest here in kuwait of course as an opec member any sort of unrest on the streets is bound to have some sort of an impact on oil prices as well as the pentagon's plans to use the oil rich nation as a hub for its get ground forces in order to build up a countering force to the perceived threat by iran the first wave is home to three u.s. military bases. that's the piece of. all of the withdrawal from afghanistan. you see captain of r t two eight. meanwhile in egypt thousands of...
445
445
Dec 29, 2012
12/12
by
WRC
tv
eye 445
favorite 0
quote 0
london, the opec games alone generated 150 million tweets. at times reaching 116,000 tweets a minute. and while we may obsess over princess kate's trendy winter wear, her baby news did all the trending this month. more than a million tweets reflected some keen interest in the next generation royal. so no matter how tech savvy you were there year, no matter how much time you spent in cyber-space, you couldn't escape the enticing fun to be had from social media outlets like facebook, twitter, linkedin, pinterest, google plus, myspace, and so many more. bottom line, if it happens, it will somehow be documented. the next time you're in a room with two twins and a guitar-playing dad and someone says, "hey, did you see that," you to k confidently say, "yeah." i'm sure a lot of other people will soon be watching it, as well. ♪ >> great. >> there it is. >> i love that max made an appearance. >> yes. nephew max will make an appearance for the rest of my life. even when he's 50, i'm like, this is nephew max. >> how -- >> what are you going to be when
london, the opec games alone generated 150 million tweets. at times reaching 116,000 tweets a minute. and while we may obsess over princess kate's trendy winter wear, her baby news did all the trending this month. more than a million tweets reflected some keen interest in the next generation royal. so no matter how tech savvy you were there year, no matter how much time you spent in cyber-space, you couldn't escape the enticing fun to be had from social media outlets like facebook, twitter,...
207
207
Dec 28, 2012
12/12
by
CNBC
tv
eye 207
favorite 0
quote 0
at the moment, really we've got to see what opec wants to do. last year, the impact of the embargo wasn't -- was like a six week impact and it was forgotten about very quickly. and if you think about it, last year was a very, very steady year for oil prices. wti, as you said, is going to post the lowest rise in several years. in fact, i looked back in my forecast that i had for wti at the beginning of 2012. and it was $111 $a barrel. i moved it down to $110 in the middle of the year thinking it might get a little weaker and poked around and did absolutely nothing. >> i wonder whether the question is going to come back again into the oil markets given that we're looking at the israeli elections coming up in january. but back to the u.s. story, i find it hugely interesting, this notion of u.s. becoming energy independent on its own. do you really think it will happen? because i still talk to a couple of people in the oim and gas industry that say, you know what? it's a far cry from the reality out there. we're still going to see the middle east be
at the moment, really we've got to see what opec wants to do. last year, the impact of the embargo wasn't -- was like a six week impact and it was forgotten about very quickly. and if you think about it, last year was a very, very steady year for oil prices. wti, as you said, is going to post the lowest rise in several years. in fact, i looked back in my forecast that i had for wti at the beginning of 2012. and it was $111 $a barrel. i moved it down to $110 in the middle of the year thinking it...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
but we're also waiting to see what happens in vienna with the opec meeting. in addition to the fed that comes out tomorrow. the expectation is, that opec will leave their current quota unchanged, around 30 million barrels per day. the actual production, around 31 million barrels a day. there may not be any change to that. the key will be what happens in terms of the election of a new secretary-general and saudi arabia in the running for that as well. back to you. >> thanks very much, sharon epperson. i did want to look at shares of largest for-profit hospital in the country. a secondary offering this morning. hga finds itself in the of so many movements of the capital structure, reflective of the 250i78s. don't forget, they borrow at incredibly low rates not long ago, $1 billion, to pay a special dividend. you want to pay a special dividend prior to any tax increase on dividends as well. capital gains figuring into that debate, let's call it at this point that we've been detailing down in d.c. with our "mission critical" coverage. this morning, two of the own
but we're also waiting to see what happens in vienna with the opec meeting. in addition to the fed that comes out tomorrow. the expectation is, that opec will leave their current quota unchanged, around 30 million barrels per day. the actual production, around 31 million barrels a day. there may not be any change to that. the key will be what happens in terms of the election of a new secretary-general and saudi arabia in the running for that as well. back to you. >> thanks very much,...
98
98
Dec 14, 2012
12/12
by
CSPAN2
tv
eye 98
favorite 0
quote 0
we want to smooth the transition from an opec, unregulated market to a transparent regulated market place. as chairman bachus said if i can quote you, you want to make it operational, sink together and function. so in the midst of that implementation and its of pasta, it's a natural order of things that many market participants have sought further guidance. sometimes the questions, early. but as all of us know, as we're all in school at one point, sometimes we do our papers late come into the night, the day before it is too. and that's just human nature. we will address questions that come up early, and will do our best to address them even if they come up late. prior to a milestone on october 12 commend this milestone was just because the sec and s. -- the cftc finished the foundatiofoundatio nal definition rules, the definition of swapping swap did and so forth went into effect on october 12. we got a lot of those questions, some early, some late. along with my fellow commissioners and staff can we sort through about 20 issues, and i think we sorted through them for the benefit of the p
we want to smooth the transition from an opec, unregulated market to a transparent regulated market place. as chairman bachus said if i can quote you, you want to make it operational, sink together and function. so in the midst of that implementation and its of pasta, it's a natural order of things that many market participants have sought further guidance. sometimes the questions, early. but as all of us know, as we're all in school at one point, sometimes we do our papers late come into the...
293
293
Dec 24, 2012
12/12
by
CNBC
tv
eye 293
favorite 0
quote 1
opec's 2013 target is around $100. i think we'll move up into the mid-90s and probably press through that $100. one of the burdens we have is we do have an abundance of supply in the u.s. the u.s. won't export any crude oil, but i think the possibility of us starting to consume more, would drive and help support those higher prices. >> when you put on those longs, i'm wondering, because this week is a holiday shortened week. congress is coming back on the 27th. is this a trade for 2013? >> yeah, it is more of a trade for 2013. i wiould start to look at fartherer out contracts, to like december 2013, and play the entire year's action, just by being long that one contract. but i would strongly wait until after the beginning of the year, because of the weaker volume, the lack of participants. and i think that the price is really going to shop around. >> nat gas prices taking a step back. what do you see in the immediate future and what is the main catalyst here? the weather seems to be sort of calm. >> yeah. that's the is
opec's 2013 target is around $100. i think we'll move up into the mid-90s and probably press through that $100. one of the burdens we have is we do have an abundance of supply in the u.s. the u.s. won't export any crude oil, but i think the possibility of us starting to consume more, would drive and help support those higher prices. >> when you put on those longs, i'm wondering, because this week is a holiday shortened week. congress is coming back on the 27th. is this a trade for 2013?...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
you have non-opec demand growing, global demand slowing, it's not snowing, and down is where we're going. the next big data point is probably the iaea report in february. and if that implicates more progress toward an iranian bomb, there's significant risk to look to the upside. in the meantime, you have a lot of other issues beyond the fiscal cliff. debt ceiling issues, if not resolved in the negotiation looming. and relatively long stocks here in the u.s. perhaps the most interesting part, becky, is to look at the convergence between light and heavy grades here in north america. we have a lot of light oil. and we're actually potentially short of heavy oil. so seeing convergence within that downward trend means there could be a bid for heavier. >> you would guess that would certainly hurt demand. >> sure. offsetting weakness in the dollar would lift the crude price based on historical trends, of course. yeah, it would be a significant blow, and when we're looking at 370 plus barrels of commercial inventories, folks are going to freak out. at the end of the year is a de-stocking time. cl
you have non-opec demand growing, global demand slowing, it's not snowing, and down is where we're going. the next big data point is probably the iaea report in february. and if that implicates more progress toward an iranian bomb, there's significant risk to look to the upside. in the meantime, you have a lot of other issues beyond the fiscal cliff. debt ceiling issues, if not resolved in the negotiation looming. and relatively long stocks here in the u.s. perhaps the most interesting part,...
86
86
Dec 16, 2012
12/12
by
CSPAN2
tv
eye 86
favorite 0
quote 0
putting to roosters in a small pen say size each other up and one sees the pebble that needs pact and opec it that is displacement because he would rather not fight. that theory is displacement behavior we would give you an opinion that is 100 pages long and will take forever we're displacing the energy for cyber war to legal abstract debates generals are on the sidelines tell me what i can do? this is the wrong way to treat lawyers. their effective use say we thought would take to win the cyber war. the only way to win is due this is a viggo? then you'll get useful legal advice they will find a way to say yes because most not want to cause us to lose but if you wait you'll never know where you can do this is where we are today. >> what is the baker p.o. of the rooster matches? [laughter] >> thank you for putting this together and this book so many issues that we have a very complex we have to access to us by the fact we have a better shot to access the broader audience and they do have the stars there and want to congratulate the chief cat to herder to get people to write these articles o
putting to roosters in a small pen say size each other up and one sees the pebble that needs pact and opec it that is displacement because he would rather not fight. that theory is displacement behavior we would give you an opinion that is 100 pages long and will take forever we're displacing the energy for cyber war to legal abstract debates generals are on the sidelines tell me what i can do? this is the wrong way to treat lawyers. their effective use say we thought would take to win the...